Reported about 18 hours ago
Microsoft announced a significant increase in quarterly sales and profits, with an 18% rise to $77.7 billion and a 22% increase in profit to $30.8 billion, surpassing Wall Street expectations. The company is heavily investing in AI and cloud infrastructure, spending nearly $35 billion in the last quarter, which impacted investor reactions despite the strong earnings report. After a new deal with OpenAI, Microsoft's valuation crossed $4 trillion again this week, highlighting the intense investor interest in AI technology.
Source: YAHOO